Glythera, a biotech spin-out from the University of Bath, has raised £700k ($1m) from commercialisation company the IP Group.

The funding is the result of the UK-based firm hitting commercial milestones following a £600k investment from the IP Group last year, which was used to entice Glythera to relocate in the north east of England.

Now based in Newcastle’s INEX incubator, Glythera plans to use the funding to increase its headcount as it moves towards further milestones and a third…

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